Economics underpins the co-evolution of IP, innovation and inequality so it is vital for understanding the consequences of openly sharing knowledge and technology. Neoclassical economics does not fully account for Open IP approaches but over the last decade innovation economists have increasingly researched the interaction between market and nonmarket practices (Benkler, 2018) and the economy of the knowledge commons (Ostrom, 1990; Hess, 2007). The resulting insights intersect with new thinking about economics of innovation in the face of global challenges and a pressing need to transition to sustainable energy and industry (Mazzucato, 2015). We aim to bridge these schools of thought and consider their significance in the context of emerging technologies such as green energy, distributed manufacturing, AI and synthetic biology.
This reading group will be a chance to collectively discuss the concepts that will guide our thinking for the term and consider difference perspectives on economic thinking and IP.
- Video: Law and Innovation: Is Intellectual Property a Path to Progress? Institute for New Economic Thinking and the Centre for International Governance Innovation (CIGI).
Available online: https://www.youtube.com/watch?v=9c5ohWgvXIk
- Granstrand, O. (2011). The economics of IP in the context of a shifting innovation paradigm. Innovation Report 2011: Shifting Innovation Paradigms and the Role of Intellectual Property.
Available online: http://www.ip-research.org/wp-content/uploads/2012/08/CV-160-Granstrand-WIPO-20120618a.pdf
- David, P. A. (2003). The economic logic of “open science” and the balance between private property rights and the public domain in scientific data and information: A primer.
Available online: https://pdfs.semanticscholar.org/738a/fb677a99015bf18389f91137a1854403b779.pdf
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Part of Open Intellectual Property Models of Emerging Technologies and Implications for the Equitable Society Research Netwoks Series
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